That translates to a 25 bps rate hike in July and one more after in September. It will definitely come down to the data but after seeing the June inflation figures here, there is reason to believe that price pressures will remain sticky beyond the summer. And that should warrant further ECB action so long […]
Share: EUR/USD holds steady above the 1.0900 mark, though struggles to attract any buyers. Bets for more Fed rate hikes revive the USD demand and act as a headwind for the pair. Worries about a global economic downturn contribute to capping gains for the major. The EUR/USD pair struggles to gain any meaningful […]
© Reuters. Investing.com — Most Asian currencies firmed on Monday as softer-than-expected U.S. inflation readings pushed up hopes that the Federal Reserve will taper its hawkish stance, with focus also turning to more U.S. economic cues this week. The U.S. dollar steadied after a drop on Friday, as the – the Fed’s preferred inflation gauge […]
The second quarter has concluded with a further pull-ahead in risk sentiments last Friday, with the S&P 500 closing at its highest level in 14 months while the Nasdaq has turned in its second consecutive quarter of gains. Improving market breadth lately suggests that market gains have been broadening out, as a pushback in economic […]
The brokerage company NordFX has summarized the trading performance of its clients for June 2023. Additionally, the social trading services, CopyTrading and PAMM, were evaluated, along with the profits generated by the company’s IB partners. – The trader from South Asia, with account No.1658XXX, emerged as the leader for the month, achieving a profit of […]
Today I present you an overview of trades made using the Owl strategy – smart levels for the EURUSD, GBPUSD and AUDUSD currency pairs for the week from June 26 to 30, 2023. For convenience and timely receipt of signals I use the Owl Smart Levels Indicator. The main trading timeframe is M15, while the H1 […]
Recommended by Diego Colman Get Your Free USD Forecast Risk appetite improved further during the second quarter, as the U.S. economy defied expectations and held up remarkably well despite continued central bank tightening. The strength of the U.S. labor market kept household consumption levels stable, preventing, yet again, the onset of a recession. At the […]
MON: BoJ Tankan Survey (Q2), Chinese Caixin Manufacturing PMI Final (Jun), Swiss CPI (Jun), EZ/UK/US Manufacturing PMI Final (Jun), US ISM Manufacturing PMI (Jun) TUE: RBA Announcement, NBH Announcement, South Korean CPI (Jun), German Trade Balance (May), WED: FOMC Minutes, Chinese Caixin Services PMI Final (Jun), EZ/UK/US Services & Composite PMI Final (Jun), US Durable […]
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EUR/USD: When Will the Pair Return to 1.1000? ● Summarizing the second half of June, the result in the EUR and USD confrontation can be said to be neutral. On Friday, June 30, EUR/USD ended up where it traded on both the 15th and 23rd of June. ● On Thursday, June 29, some quite strong […]
Financial authorities in Japan, specifically the Ministry of Finance and the Bank of Japan have been making ‘verbal intervention’ statements in recent months as the yen has depreciated. Authorities do not want the currency to decline rapidly and use the comments to slow its drop. However, at some stage, if the yen falls too far […]